Topstep Review - Option Trader Tries Topstep
TopStep Review
Topstep is a financial trading firm that offers a funding program for traders who want to trade with the firm's capital. The program is designed to help traders who don't have the capital to start trading on their own, and it allows them to trade with the firm's capital in exchange for a percentage of their profits.
According to Topstep, “No matter your trading skills or status—we support your development without putting your own capital at risk. Our program is designed to help you manage risk, hone strategies, and become consistently profitable.”
The funded trader program is simple. Qualified traders trade with Topstep capital with a funded futures trading account. These traders keep 100% of the first $5,000 in profits and 90% of the profits beyond that.
Becoming part of the funded trader program is done in a step-wise fashion. You can apply what you learned in our coaching or education to your simulated account. That’s the best way to learn how to trade.
One of the key benefits of the Topstep funding program is that it provides traders with access to a large amount of capital, which can help them take advantage of larger trades and potentially increase their profits.
Another benefit of the Topstep funding program is that it is designed to be flexible and customizable, allowing traders to choose the level of risk and capital they are comfortable with.
How Hard Is It to Get funding with Topstep?
Overall this is going to depend on your level of experience and depth of knowledge with trading price action. For example, if you have already gone through our Options Mastery Course, you should be able to pass the trading combines with relative ease.
If you’re brand new to trading or don’t yet have a trading strategy, it will likely be very challenging or nearly impossible to gain funding through Topstep. Before trying Topstep, make sure you have a baseline knowledge of at least one strategy.
To get funding, you have to pass two different “challenges” - Topstep calls these challenges trading combines. The two combines are very similar and have a heavy emphasis on risk management.
Overall, the Topstep funding program is a good option for traders who are looking for a way to access a large amount of capital and improve their trading skills. While it may not be suitable for everyone, it can be a valuable resource for those who are committed to becoming successful traders but might not have access to trading capital.